Fern Oaks Manor
625 Fernhill Road, Esquimalt, BC
FOR SALE
Property details
- Lot size 31,700 sf
- Zoning RM-4
- Year built 1972
- Storeys 4
- Rental Units 42
- Parking 44
- Total Net Rentable Area 27,050 sf
- Pricing Guidance $9,250,000 ($220,238 price per door)
Opportunity
The Avison Young Multi-Family Team is excited to market for sale Fern Oaks Manor, located at 625 Fernhill Road, Esquimalt, BC (the “Property”). Fern Oaks Manor is a well-maintained 42-unit rental apartment building with suites partially upgraded upon turnover, presenting a rare value-add opportunity in the heart of Esquimalt. The Property offers reliable in-place performance with clear upside through continued renovation of remaining units and common areas. Directly connected to Esquimalt Road and across from top amenities, this asset combines stability with significant potential for income growth in one of BC’s strongest and fastest-growing rental markets.
Investment Highlights
Centralized location in the heart of Esquimalt steps away from top amenities
Attractive one- and two-bedroom suite mix
Three ancillary income sources from parking, storage lockers, and laundry
Quality units offering significant value-add potential
Well-maintained asset with a history of thorough management
34 out of 42 suites (81%) partially upgraded upon turnover
